There are many things to consider when choosing the right offer for your property. The best offer may not be the highest. In our latest post, we will offer tips to help you choose the best offer for your Kansas City house.
Having multiple offers or different options when it comes to selling is a dream come true! Every seller would love the problem of trying to decide between multiple offers. However, you’ll want to employ some strategy when deciding which offer to pick. Just because the offer looks good on paper, doesn’t mean it’s the right one. Keep reading to learn more about some things to consider when deciding which offer to accept for your house in Kansas City.
Tip #1 – The Actual Profits
When looking at an offer on paper, it’s important to consider all of the costs you will incur, and deduct them from that offer price. This will give you a good idea of where you stand financially. A few things you might want to think about and factor into the price include:
- Closing Costs which will run about 2-5%. These include a fee for title insurance, a fee to the title company for doing the paperwork, a fee for recording the deed and few other fees.
- Replacement Costs can be incurred if you are leaving appliances or furniture behind when you move. these items may need to be replaced, which is an additional cost you will encounter after the sale.
- Repairs also come up in a traditional sale as often the buyer asks for things to be fixed. For us the big three we usually get asked to fix are deck posts touching the ground which is a pain, but not overly costly and chimney liners which run between $3,000 and $6,000. You should also factor in the cost of repairs needed in order to sell. You will likely make some repairs upfront and a few more after the inspection has been completed.
Keep in mind, if you sell your house directly to kcmoHomeBuyer, there are no repair or closing costs to worry about.
Tip #2 – How They’re Buying
Some buyers will pay in cash, without requiring a loan, while others will need to talk to the banks about financing. Cash buyers are often favored by sellers due to the faster closing speed and less red-tape. The offer is much more likely to go through as you are not bound by the results of an appraisal. Banks pull funding all the time because houses don’t appraise high enough. If your buyer is using bank financing to acquire the home, make sure they have been pre-approved so you don’t have to wait even longer for that to occur. Please note, that being pre-qualified is different than being pre-approved.
With a direct sale to kcmoHomeBuyer, you don’t usually have to worry about any hassles or waiting for the buyer to get funding. But not all direct buyers are created equal. Some of our competitors just started buying a few weeks ago. Others like to buy on terms, meaning you seller finance them. And still others are getting your home under contract to then sell that contract to another investor.
When you sell to us, our funds are available to purchase your Kansas City house outright, without any hassles or waiting. Our process is extremely simple and straightforward, with no red-tape to worry about.
Tip #3 – The Timeline
How quickly can the closing take place? The faster you eliminate your holding costs, the more cash you will be able to put in your pocket. Ask any investor and they will tell you that once you have decided to sell, the longer you end up holding a house, the more it is costing you. Your costs of ownership add up each month. Utility bills, property taxes, homeowners insurance, standard repairs, and maintenance are a few of the costs you will end up paying until the home closes. Once you add up all of the costs you will be facing month after month, your total could be in the thousands. By selling your house directly to kcmoHomeBuyer, you’ll be able to close quickly and eliminate your holding costs right away.
Tip #4 – Buyer Intent
Do you want to make sure your home goes to a good home? Many people feel an attachment to their property, and with good reason. It has likely been the place of many memories and laughs. When selling your Kansas City home, when you find a buyer who will love the home as much as you do, you’ll have the peace of mind needed in order to sell confidently. When deciding which offer to accept for your Kansas City house, learn more about the people who want to buy and why. What are their plans for the home? Are they planning to live there and love it as you did, or do they want to tear the property down for something better?
When choosing the best offer for your Kansas City house, it’s important to consider more than just the price. The selling timeline, method of purchase, and intent of your potential buyer can all have an impact on which offer you ultimately choose. To learn more about the costs and alternate ways you can sell your house in the Kansas City area, feel free to reach out to us at any time.
Do you want to learn more about how to choose the best offer for your Kansas City house? We’d love to help you run the numbers! Get in touch today! (816) 408-3600
Request a FREE, No-Obligation ConsultationYou can trust our firm offer will not change before closing, and you won’t be hit by any of those surprise fees. We’ll be there to walk you through each step of the sale.
“Closed on my Schedule”
I loved working with Scott and the team at kcmoHomeBuyer. I was downsizing my house and moving to something smaller. Timing was everything and since I am not handy doing all the little things the realtor wanted me to do was not going to happen. They made an acceptable offer for my house, even took the stuff that I could not move to my new place and closed on my schedule so the timing worked out.
~ Savanah A from Gravois Mills, MO